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Karnataka to soon unveil policy framework on agri startups

Agri startups can provide missing links in the agricultural value chain and deliver efficient, innovative products, technologies and services to farmers and consumers

Karnataka to soon unveil policy framework on agri startups
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Bengaluru: Karnataka Agriculture Minister B C Patil said on Wednesday the government would soon unveil a policy framework on agri start-ups and operational guidelines.

Patil said agri startups can provide missing links in the agricultural value chain and deliver efficient, innovative products, technologies and services to farmers and consumers.

Addressing a virtual session of FICCI (Federation of Indian Chambers of Commerce and Industry) summit and awards for agri startups, he said the food and agriculture practices and enterprises in India are poised for transformational changes in line with the new central government policies.

"Agriculture has been rapidly evolving into agri business in terms of approach and structure," he was quoted as saying in a FICCI statement.

To develop congenial eco-system for agri startups in Karnataka, a committee had been constituted to formulate a policy framework on agri start-ups and operational guidelines.

"The committee has submitted the policy documents to the government, and we are in the process of releasing it shortly," he said, according to the statement.

Chairman, FICCI National Agriculture Committee & Group President (Corporate Relations & Alliances), TAFE Ltd, T R Kesavan said every agri startup has its own strength and there is a need to create a dedicated cell for agri startups. Chairman, FICCI Task Force on Agri Startups, Hemendra Mathur said: "Bengaluru is the tech capital of the country and we must think towards building a centre for excellence in the agriculture sector with the kind of talent and resources that we have in Karnataka".

Pravesh Sharma, Chairman, FICCI Task Force on FPOs and Co-founder and CEO, Kamatan Farm Tech Pvt Ltd, emphasized on having state-level agri startup policy for different States and this should be supported by a dedicated organization to promote agri startups.

FICCI Secretary General Dilip Chenoy said the agriculture ecosystem is witnessing a wave of entrepreneurship with disruptive and futuristic ideas. (PTI)

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